Employee savings and share schemes get a lift December 5, 2013 WORKERS will get the right to acquire up to £3,600 a year in share incentive plans, up from £3,000 currently, or £1,800 a year in partnership shares, from April. As part of the government’s push for John Lewis-style partnerships, firms that offer employees a stake in the company will be able to share £25m in [...]
Shoppers set to spend 17 per cent more in 2014 January 15, 2014 Online retail sales for 2013 have thumped expectations – as spending jumped by 16 per cent to £91bn compared with the previous year and now accounting for almost a quarter (21 per cent) of the total retail market. Those are from the latest online retail findings ofIMRG and Capgemini, which were revealed today at a [...]
Letters to the Editor – 06/01 – Gold speculation, Payday lending, Best of Twitter January 5, 2014 Gold speculation [Re: Here’s why Capital Economics thinks gold will bounce back this year, Thursday] Buying gold at current prices is speculation, and not just over the potential removal of Indian import restrictions. Its price tells you about fear in an economy at any given point – and there just isn’t that fear around that [...]
Cuadrado deal takes Chelsea’s transfer spend to highest levels for a decade as player sales reach all-time record February 2, 2015 If you thought Uefa’s financial fair play rules were going to curb Roman Abramovich’s spending at Chelsea, think again. Following the signing of Juan Cuadrado from Fiorentina for £29.4m, the Blues’ total spend on transfer fees for the season has reached £123.3m. Chelsea have not spent as much in a single season for 10 years. [...]
Britons are creatures of habit when doing shopping online October 30, 2013 SHOPPERS tend to buy on their mobiles when they wake up and browse on tablets after work during ad breaks while watching TV, according to figures by John Lewis, with nearly two-thirds of customers now shopping both in store and online. The department store group has released a report today that analyses the nation’s shopping [...]
The Power of Three: How big business could join government to support small companies March 10, 2014 IF I received a pound for every time a chief executive of a large firm said to me “we’d like to be the champions of small business”, I’d be comfortably off. However, over the past year, I’ve seen an increasing number of businesses not only voicing this statement, but acting on it. This is a [...]
Arsenal transfer spend tops £100m and smashes previous record after Gabriel Paulista signing January 29, 2015 Gabriel Paulista may not be the most significant signing Arsenal will ever make, but the Brazilian centre-back’s arrival in North London has created a little bit of history for his new club. After spending roughly £13m on the 24 year-old, Arsenal’s spending for the season has crossed the £100m mark. Never before have the Gunners [...]
A two-speed high street January 9, 2014 A CLEAR split between Britain’s winners and losers in the battle for consumers’ cash this Christmas emerged yesterday, as three of the biggest retail chains revealed worse-than-expected trading. Poor results from Tesco, Morrisons and Marks & Spencer added to dreary updates from Sainsbury’s and Mothercare, with heavy discounting, weak consumer spending and the rising discount [...]
Asda hires new finance chief as Richard Mayfield joins Walmart November 26, 2013 ASDA has appointed a new chief financial officer after announcing yesterday that Richard Mayfield is to leave the retailer after just a year in the role to join parent company Walmart. The grocery chain said Alex Russo will join the group in January from Peruvian restaurant franchise specialist Delosi, which works with brands including Starbucks, [...]
John Lewis to sack managers February 13, 2013 DEPARTMENT store chain John Lewis could sack up to 325 managers from its stores as part of a staff shake-up designed to take into account the growing importance of online sales. The partnership, which has a reputation for looking after its staff, said it was consulting on the need to have individual departmental managers for [...]